GBPJPY → Breaking the psychological level. What's next, 215.0?
GBPJPY is getting ready to break resistance (ATH for 15 years). In the long term, there is upside potential to 215.8. A strong bullish formation is forming on H4-D1On the monthly timeframe, price is in the 195-215 range. Bulls kept the defense above the support, at the same time a pre-breakdown setup is forming on the chart, the focus of which is on the resistance at 200.6. The psychological level may be broken in the nearest future, which may provoke the market to active growth towards 202-205, further towards 215 (medium-term perspective).
Japanese Central Bank is not doing well, today we expect news in the US: CPI, FOMC and FED meeting, inflation data is expected to be neutral.
Resistance levels: 200.6
Support levels: 199.9
Technically and fundamentally, the currency pair has a strong bullish bias. If the bulls are able to consolidate above 200, this zone will become a strong support in the medium term.
Regards R. Linda!
Note
Consolidation above the levelTrade active
The breakthrough came. Let's go up!Note
Continuing to holdTrade active
Trade active
Waiting for resistance retestTrade active
Another retest of 200.6Consolidation above the level will send us to 203.0
Trade active
Price consolidation above the key resistance level. Breakout of 201 will strengthen the price growthTrade active
Continuing to holdNext 202
Trade active
Trade closed: target reached
Target 1 reachedNote
Bullish setups continue to form in the uptrending market
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.